Starting a company in Hungary

Starting a company in Hungary can be a long process, with a lot of document work and Hungarian lawyers overcharging foreigners for the work they provide. The only way to start a company in Hungary is through a lawyer who processes all the contracts and necessary documents in to the government system. For a B.T. (Betéti társasag) which is an unlimited liable company, government stamp duties are 100,000 ft all together and lawyers fees are 50,000 ft.There can only be two members in a B.T. Accountants are not expensive in Hungary compared to Western European countries. We know several professional accounts who charge 20,000 ft  plus tax a month for their work.

If you are wishing to start a Kft (Limited Liable Company) you will have to make an initial capital of 3 million ft (minimum), into a Hungarian business bank account. Government fees are 150,000 ft, and lawyers fees are 50,000 ft  A Kft can have more owners and needs a double accounting system.We know several professional accountants who charge 20,000 ft plus tax a month for their work.

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